Al Rajhi REIT Fund (SASE:4340) acquired Two school properties in Riyadh for SAR 230 million on December 25, 2019. Al Rajhi REIT Fund acquired Rowad AlKhaleej International School for SAR 210 million by issue of 11 million shares and balance by cash and Baraem Rowad Al Khaleej Kindergarten was acquired for SAR 20 million by issue of 1.1 million shares and balance by cash. The transaction is expected to have positive impact on Al Rajhi REIT Fund financial performance. Al Rajhi REIT Fund (SASE:4340) completed the acquisition of Two school properties in Riyadh on December 25, 2019.